WHAT IS A MARKET WITHIN A MARKET? Just as the weather is different from Los Feliz to Santa Monica so is the Real Estate climate. While it may be cloudy & overcast in Marina del Rey, at the same exact time, it may be warm & sunny in the Mid Wilshire area. The Real Estate market works the same way. Year-to-year there may be a significant sales increase in Venice while at the same time there is an alarming drop in sales price from the Palms – Mar Vista area even though they are literally blocks from one another.
With our vast years of experience, we at Keller Williams have come to notice that like the need for a sweater by the beach and a T-shirt in the Valley, every market within a market has a very different
climate and therefore requires its own set of statistics for you to truly understand what is going on in your neighborhood. Although you can easily access the broad national, state, and/or country trends published by the media, they may not have anything to do with what is occurring in your own backyard. After all, you wouldn’t watch a weather channel report for Seattle to decide if you
need an umbrella that day would you?
WHY THIS BENEFITS YOU – OUR CLIENT Our extensive experience & knowledge has led us to notice that markets within markets may be performing in a different way from one another and from national averages.
With the current stringent lending situation, having knowledge of the specialized market trends for the neighborhood you are contemplating is vital for true success in your transaction.
Don’t be mislead by ideas that are not actual facts. What is in fact occurring in the markets of those areas may be counterintuitive of notions or ideas you may have perceived from national averages. Knowledge is power and knowing all the facts will give you the power to make the most educated choice.
BEL AIR – HOLMBY HILLS
SFR
Median Price ……………………..…….
$1,918,000
Median Price ……………………..…….
$2,249,500
17.3%
Average Price per Square Foot ….…
$891
Average Price per Square Foot ….…
$791
-11.2%
Properties Sold ……………………….
41
Properties Sold ……………………….
49
19.5%
Properties Pending Sale ………………
40
Properties Pending Sale ………………
38
-5.0%
Properties For Sale …………….……...
170
Properties For Sale …………….……...
154
-9.4%
Days on Market (Pending Sale) ….…..
142
Days on Market (Pending Sale) ….…..
100
-29.9%
Percent Under Contract ………….……
23.53%
Percent Under Contract ………….……
24.68%
4.9%
BEVERLY CENTER – MIRACLE MILE
SFR
Median Price ……………………..…….
$999,500
Median Price ……………………..…….
$1,330,000
33.1%
Average Price per Square Foot ….…
$520
Average Price per Square Foot ….…
$600
15.4%
Properties Sold ……………………….
50
Properties Sold ……………………….
43
-14.0%
Properties Pending Sale ………………
39
Properties Pending Sale ………………
34
-12.8%
Properties For Sale …………….……...
84
Properties For Sale …………….……...
77
-8.3%
Days on Market (Pending Sale) ….…..
55
Days on Market (Pending Sale) ….…..
45
-18.2%
Percent Under Contract ………….……
46.43%
Percent Under Contract ………….……
44.16%
-4.9%
BEVERLY CENTER – MIRACLE MILE
CONDO
Median Price ……………………..…….
$552,500
Median Price ……………………..…….
$760,000
37.6%
Average Price per Square Foot ….…
$408
Average Price per Square Foot ….…
$510
25.0%
Properties Sold ……………………….
14
Properties Sold ……………………….
35
150.0%
Properties Pending Sale ………………
18
Properties Pending Sale ………………
23
27.8%
Properties For Sale …………….……...
45
Properties For Sale …………….……...
50
11.1%
Days on Market (Pending Sale) ….…..
43
Days on Market (Pending Sale) ….…..
63
47.7%
Percent Under Contract ………….……
40.00%
Percent Under Contract ………….……
46.00%
15.0%
BEVERLY HILLS
SFR
Median Price ……………………..…….
$4,085,000
Median Price ……………………..…….
$5,592,175
36.9%
Average Price per Square Foot ….…
$962
Average Price per Square Foot ….…
$1,249
29.8%
Properties Sold ……………………….
64
Properties Sold ……………………….
35
-45.3%
Properties Pending Sale ………………
52
Properties Pending Sale ………………
38
-26.9%
Properties For Sale …………….……...
159
Properties For Sale …………….……...
139
-12.6%
Days on Market (Pending Sale) ….…..
92
Days on Market (Pending Sale) ….…..
117
26.5%
Percent Under Contract ………….……
32.70%
Percent Under Contract ………….……
27.34%
-16.4%
BEVERLY HILLS
CONDO
Median Price ……………………..…….
$816,000
Median Price ……………………..…….
$1,030,000
26.2%
Average Price per Square Foot ….…
$451
Average Price per Square Foot ….…
$542
20.2%
Properties Sold ……………………….
23
Properties Sold ……………………….
19
-17.4%
Properties Pending Sale ………………
22
Properties Pending Sale ………………
20
-9.1%
Properties For Sale …………….……...
78
Properties For Sale …………….……...
73
-6.4%
Days on Market (Pending Sale) ….…..
76
Days on Market (Pending Sale) ….…..
61
-19.2%
Percent Under Contract ………….……
28.21%
Percent Under Contract ………….……
27.40%
-2.9%
BEVERLY HILLS P.O.
SFR
Median Price ……………………..…….
$1,800,000
Median Price ……………………..…….
$1,915,000
6.4%
Average Price per Square Foot ….…
$621
Average Price per Square Foot ….…
$809
30.3%
Properties Sold ……………………….
40
Properties Sold ……………………….
37
-7.5%
Properties Pending Sale ………………
36
Properties Pending Sale ………………
36
0.0%
Properties For Sale …………….……...
146
Properties For Sale …………….……...
165
13.0%
Days on Market (Pending Sale) ….…..
92
Days on Market (Pending Sale) ….…..
64
-30.5%
Percent Under Contract ………….……
24.66%
Percent Under Contract ………….……
21.82%
-11.5%
BEVERLYWOOD
SFR
Median Price ……………………..…….
$779,000
Median Price ……………………..…….
$985,000
26.4%
Average Price per Square Foot ….…
$453
Average Price per Square Foot ….…
$553
22.1%
Properties Sold ……………………….
37
Properties Sold ……………………….
42
13.5%
Properties Pending Sale ………………
35
Properties Pending Sale ………………
36
2.9%
Properties For Sale …………….……...
73
Properties For Sale …………….……...
90
23.3%
Days on Market (Pending Sale) ….…..
83
Days on Market (Pending Sale) ….…..
37
-54.8%
Percent Under Contract ………….……
47.95%
Percent Under Contract ………….……
40.00%
-16.6%
BRENTWOOD
SFR
Median Price ……………………..…….
$1,653,750
Median Price ……………………..…….
$2,330,555
40.9%
Average Price per Square Foot ….…
$806
Average Price per Square Foot ….…
$852
5.7%
Properties Sold ……………………….
76
Properties Sold ……………………….
53
-30.3%
Properties Pending Sale ………………
60
Properties Pending Sale ………………
53
-11.7%
Properties For Sale …………….……...
158
Properties For Sale …………….……...
147
-7.0%
Days on Market (Pending Sale) ….…..
95
Days on Market (Pending Sale) ….…..
66
-30.9%
Percent Under Contract ………….……
37.97%
Percent Under Contract ………….……
36.05%
-5.1%
BRENTWOOD
CONDO
Median Price ……………………..…….
$685,000
Median Price ……………………..…….
$695,000
1.5%
Average Price per Square Foot ….…
$453
Average Price per Square Foot ….…
$491
8.4%
Properties Sold ……………………….
35
Properties Sold ……………………….
43
22.9%
Properties Pending Sale ………………
39
Properties Pending Sale ………………
37
-5.1%
Properties For Sale …………….……...
107
Properties For Sale …………….……...
99
-7.5%
Days on Market (Pending Sale) ….…..
73
Days on Market (Pending Sale) ….…..
52
-28.3%
Percent Under Contract ………….……
36.45%
Percent Under Contract ………….……
37.37%
2.5%
BURBANK
SFR
Median Price ……………………..…….
$465,000
Median Price ……………………..…….
$607,650
30.7%
Average Price per Square Foot ….…
$354
Average Price per Square Foot ….…
$400
13.0%
Properties Sold ……………………….
12
Properties Sold ……………………….
14
16.7%
Properties Pending Sale ………………
11
Properties Pending Sale ………………
9
-18.2%
Properties For Sale …………….……...
30
Properties For Sale …………….……...
26
-13.3%
Days on Market (Pending Sale) ….…..
60
Days on Market (Pending Sale) ….…..
53
-11.1%
Percent Under Contract ………….……
36.67%
Percent Under Contract ………….……
34.62%
-5.6%
BURBANK
CONDO
Median Price ……………………..…….
$321,000
Median Price ……………………..…….
$400,000
24.5%
Average Price per Square Foot ….…
$271
Average Price per Square Foot ….…
$322
18.8%
Properties Sold ……………………….
2
Properties Sold ……………………….
9
350.0%
Properties Pending Sale ………………
2
Properties Pending Sale ………………
8
300.0%
Properties For Sale …………….……...
5
Properties For Sale …………….……...
13
160.0%
Days on Market (Pending Sale) ….…..
29
Days on Market (Pending Sale) ….…..
19
-34.9%
Percent Under Contract ………….……
40.00%
Percent Under Contract ………….……
61.54%
53.8%
CALABASAS
SFR
Median Price ……………………..…….
$570,500
Median Price ……………………..…….
$772,500
35.4%
Average Price per Square Foot ….…
$293
Average Price per Square Foot ….…
$408
39.2%
Properties Sold ……………………….
6
Properties Sold ……………………….
8
33.3%
Properties Pending Sale ………………
7
Properties Pending Sale ………………
5
-28.6%
Properties For Sale …………….……...
26
Properties For Sale …………….……...
26
0.0%
Days on Market (Pending Sale) ….…..
72
Days on Market (Pending Sale) ….…..
109
50.5%
Percent Under Contract ………….……
26.92%
Percent Under Contract ………….……
19.23%
-28.6%
CALABASAS
CONDO
Median Price ……………………..…….
$370,000
Median Price ……………………..…….
$390,000
5.4%
Average Price per Square Foot ….…
$247
Average Price per Square Foot ….…
$357
44.5%
Properties Sold ……………………….
1
Properties Sold ……………………….
2
100.0%
Properties Pending Sale ………………
2
Properties Pending Sale ………………
0
-100.0%
Properties For Sale …………….……...
3
Properties For Sale …………….……...
4
33.3%
Days on Market (Pending Sale) ….…..
35
Days on Market (Pending Sale) ….…..
0
-100.0%
Percent Under Contract ………….……
66.67%
Percent Under Contract ………….……
0.00%
-100.0%
CHEVIOT HILLS-RANCH PARK
SFR
Median Price ……………………..…….
$1,378,000
Median Price ……………………..…….
$1,444,000
4.8%
Average Price per Square Foot ….…
$529
Average Price per Square Foot ….…
$636
20.2%
Properties Sold ……………………….
16
Properties Sold ……………………….
18
12.5%
Properties Pending Sale ………………
12
Properties Pending Sale ………………
12
0.0%
Properties For Sale …………….……...
24
Properties For Sale …………….……...
25
4.2%
Days on Market (Pending Sale) ….…..
80
Days on Market (Pending Sale) ….…..
38
-52.1%
Percent Under Contract ………….……
50.00%
Percent Under Contract ………….……
48.00%
-4.0%
CULVER CITY
SFR
Median Price ……………………..…….
$665,000
Median Price ……………………..…….
$850,000
27.8%
Average Price per Square Foot ….…
$432
Average Price per Square Foot ….…
$560
29.6%
Properties Sold ……………………….
51
Properties Sold ……………………….
35
-31.4%
Properties Pending Sale ………………
41
Properties Pending Sale ………………
31
-24.4%
Properties For Sale …………….……...
77
Properties For Sale …………….……...
63
-18.2%
Days on Market (Pending Sale) ….…..
67
Days on Market (Pending Sale) ….…..
44
-33.8%
Percent Under Contract ………….……
53.25%
Percent Under Contract ………….……
49.21%
-7.6%
CULVER CITY
CONDO
Median Price ……………………..…….
$318,500
Median Price ……………………..…….
$395,625
24.2%
Average Price per Square Foot ….…
$291
Average Price per Square Foot ….…
$385
32.3%
Properties Sold ……………………….
32
Properties Sold ……………………….
30
-6.2%
Properties Pending Sale ………………
35
Properties Pending Sale ………………
33
-5.7%
Properties For Sale …………….……...
55
Properties For Sale …………….……...
59
7.3%
Days on Market (Pending Sale) ….…..
66
Days on Market (Pending Sale) ….…..
38
-41.8%
Percent Under Contract ………….……
63.64%
Percent Under Contract ………….……
55.93%
-12.1%
DOWNTOWN
SFR
Median Price ……………………..…….
$180,000
Median Price ……………………..…….
$255,000
41.7%
Average Price per Square Foot ….…
$151
Average Price per Square Foot ….…
$161
6.6%
Properties Sold ……………………….
13
Properties Sold ……………………….
15
15.4%
Properties Pending Sale ………………
17
Properties Pending Sale ………………
16
-5.9%
Properties For Sale …………….……...
36
Properties For Sale …………….……...
43
19.4%
Days on Market (Pending Sale) ….…..
116
Days on Market (Pending Sale) ….…..
47
-59.4%
Percent Under Contract ………….……
47.22%
Percent Under Contract ………….……
37.21%
-21.2%
DOWNTOWN
CONDO
Median Price ……………………..…….
$392,500
Median Price ……………………..…….
$505,888
28.9%
Average Price per Square Foot ….…
$415
Average Price per Square Foot ….…
$555
33.7%
Properties Sold ……………………….
98
Properties Sold ……………………….
65
-33.7%
Properties Pending Sale ………………
88
Properties Pending Sale ………………
74
-15.9%
Properties For Sale …………….……...
181
Properties For Sale …………….……...
226
24.9%
Days on Market (Pending Sale) ….…..
76
Days on Market (Pending Sale) ….…..
63
-17.2%
Percent Under Contract ………….……
48.62%
Percent Under Contract ………….……
32.74%
-32.7%
ENCINO
SFR
Median Price ……………………..…….
$752,5000
Median Price ……………………..…….
$1,050,000
39.5%
Average Price per Square Foot ….…
$335
Average Price per Square Foot ….…
$402
20.0%
Properties Sold ……………………….
20
Properties Sold ……………………….
31
55.0%
Properties Pending Sale ………………
17
Properties Pending Sale ………………
23
35.3%
Properties For Sale …………….……...
72
Properties For Sale …………….……...
81
12.5%
Days on Market (Pending Sale) ….…..
72
Days on Market (Pending Sale) ….…..
57
-21.3%
Percent Under Contract ………….……
23.61%
Percent Under Contract ………….……
28.40%
20.3%
ENCINO
CONDO
Median Price ……………………..…….
$259,500
Median Price ……………………..…….
$267,500
3.1%
Average Price per Square Foot ….…
$190
Average Price per Square Foot ….…
$230
21.1%
Properties Sold ……………………….
12
Properties Sold ……………………….
8
-33.3%
Properties Pending Sale ………………
5
Properties Pending Sale ………………
4
-20.0%
Properties For Sale …………….……...
13
Properties For Sale …………….……...
18
38.5%
Days on Market (Pending Sale) ….…..
8
Days on Market (Pending Sale) ….…..
41
391.1%
Percent Under Contract ………….……
38.46%
Percent Under Contract ………….……
22.22%
-42.2%
HANCOCK PARK-WILSHIRE
SFR
Median Price ……………………..…….
$1,250,000
Median Price ……………………..…….
$1,300,000
4.0%
Average Price per Square Foot ….…
$498
Average Price per Square Foot ….…
$588
18.1%
Properties Sold ……………………….
65
Properties Sold ……………………….
76
16.9%
Properties Pending Sale ………………
47
Properties Pending Sale ………………
58
23.4%
Properties For Sale …………….……...
111
Properties For Sale …………….……...
153
37.8%
Days on Market (Pending Sale) ….…..
85
Days on Market (Pending Sale) ….…..
48
-43.2%
Percent Under Contract ………….……
42.34%
Percent Under Contract ………….……
37.91%
-10.5%
HOLLYWOOD
SFR
Median Price ……………………..…….
$664,500
Median Price ……………………..…….
$590,000
-11.2%
Average Price per Square Foot ….…
$500
Average Price per Square Foot ….…
$434
-13.2%
Properties Sold ……………………….
14
Properties Sold ……………………….
13
-7.1%
Properties Pending Sale ………………
6
Properties Pending Sale ………………
9
50.0%
Properties For Sale …………….……...
20
Properties For Sale …………….……...
24
20.0%
Days on Market (Pending Sale) ….…..
56
Days on Market (Pending Sale) ….…..
66
18.6%
Percent Under Contract ………….……
30.00%
Percent Under Contract ………….……
37.50%
25.0%
HOLLYWOOD
CONDO
Median Price ……………………..…….
$589,000
Median Price ……………………..…….
$585,000
-0.7%
Average Price per Square Foot ….…
$420
Average Price per Square Foot ….…
$458
9.0%
Properties Sold ……………………….
41
Properties Sold ……………………….
27
-34.1%
Properties Pending Sale ………………
33
Properties Pending Sale ………………
27
-18.2%
Properties For Sale …………….……...
75
Properties For Sale …………….……...
79
5.3%
Days on Market (Pending Sale) ….…..
86
Days on Market (Pending Sale) ….…..
71
-16.9%
Percent Under Contract ………….……
44.00%
Percent Under Contract ………….……
34.18%
-22.3%
HOLLYWOOD HILLS EAST
SFR
Median Price ……………………..…….
$944,500
Median Price ……………………..…….
$1,100,000
16.5%
Average Price per Square Foot ….…
$445
Average Price per Square Foot ….…
$505
13.5%
Properties Sold ……………………….
44
Properties Sold ……………………….
33
-25.0%
Properties Pending Sale ………………
32
Properties Pending Sale ………………
28
-12.5%
Properties For Sale …………….……...
90
Properties For Sale …………….……...
86
-4.4%
Days on Market (Pending Sale) ….…..
82
Days on Market (Pending Sale) ….…..
52
-36.1%
Percent Under Contract ………….……
35.56%
Percent Under Contract ………….……
32.56%
-8.4%
LOS FELIZ
SFR
Median Price ……………………..…….
$895,000
Median Price ……………………..…….
$1,445,875
61.6%
Average Price per Square Foot ….…
$449
Average Price per Square Foot ….…
$617
37.4%
Properties Sold ……………………….
50
Properties Sold ……………………….
46
-8.0%
Properties Pending Sale ………………
45
Properties Pending Sale ………………
43
-4.4%
Properties For Sale …………….……...
115
Properties For Sale …………….……...
109
-5.2%
Days on Market (Pending Sale) ….…..
58
Days on Market (Pending Sale) ….…..
44
-23.9%
Percent Under Contract ………….……
39.13%
Percent Under Contract ………….……
39.45%
0.8%
LOS FELIZ
CONDO
Median Price ……………………..…….
$403,500
Median Price ……………………..…….
$500,000
23.9%
Average Price per Square Foot ….…
$419
Average Price per Square Foot ….…
$425
1.4%
Properties Sold ……………………….
6
Properties Sold ……………………….
7
16.7%
Properties Pending Sale ………………
5
Properties Pending Sale ………………
7
40.0%
Properties For Sale …………….……...
8
Properties For Sale …………….……...
10
25.0%
Days on Market (Pending Sale) ….…..
119
Days on Market (Pending Sale) ….…..
27
-76.9%
Percent Under Contract ………….……
62.50%
Percent Under Contract ………….……
70.00%
12.0%
MALIBU
SFR
Median Price ……………………..…….
$1,950,000
Median Price ……………………..…….
$2,398,750
23.0%
Average Price per Square Foot ….…
$584
Average Price per Square Foot ….…
$739
26.5%
Properties Sold ……………………….
52
Properties Sold ……………………….
50
-3.8%
Properties Pending Sale ………………
41
Properties Pending Sale ………………
39
-4.9%
Properties For Sale …………….……...
223
Properties For Sale …………….……...
240
7.6%
Days on Market (Pending Sale) ….…..
185
Days on Market (Pending Sale) ….…..
131
-28.9%
Percent Under Contract ………….……
18.39%
Percent Under Contract ………….……
16.25%
-11.6%
MALIBU BEACH
SFR
Median Price ……………………..…….
$5,825,000
Median Price ……………………..…….
$4,350,000
-25.3%
Average Price per Square Foot ….…
$2,289
Average Price per Square Foot ….…
$2,156
-5.8%
Properties Sold ……………………….
16
Properties Sold ……………………….
12
-25.0%
Properties Pending Sale ………………
12
Properties Pending Sale ………………
15
25.0%
Properties For Sale …………….……...
101
Properties For Sale …………….……...
87
-13.9%
Days on Market (Pending Sale) ….…..
236
Days on Market (Pending Sale) ….…..
179
-24.3%
Percent Under Contract ………….……
11.88%
Percent Under Contract ………….……
17.24%
45.1%
MARINA DEL REY
SFR
Median Price ……………………..…….
$1,680,000
Median Price ……………………..…….
$1,750,000
4.2%
Average Price per Square Foot ….…
$555
Average Price per Square Foot ….…
$616
11.0%
Properties Sold ……………………….
9
Properties Sold ……………………….
10
11.1%
Properties Pending Sale ………………
8
Properties Pending Sale ………………
6
-25.0%
Properties For Sale …………….……...
25
Properties For Sale …………….……...
31
24.0%
Days on Market (Pending Sale) ….…..
110
Days on Market (Pending Sale) ….…..
64
-42.0%
Percent Under Contract ………….……
32.00%
Percent Under Contract ………….……
19.35%
-39.5%
MARINA DEL REY
CONDO
Median Price ……………………..…….
$630,000
Median Price ……………………..…….
$686,000
8.9%
Average Price per Square Foot ….…
$472
Average Price per Square Foot ….…
$515
9.1%
Properties Sold ……………………….
63
Properties Sold ……………………….
75
19.0%
Properties Pending Sale ………………
53
Properties Pending Sale ………………
72
35.8%
Properties For Sale …………….……...
176
Properties For Sale …………….……...
217
23.3%
Days on Market (Pending Sale) ….…..
71
Days on Market (Pending Sale) ….…..
71
0.0%
Percent Under Contract ………….……
30.11%
Percent Under Contract ………….……
33.18%
10.2%
MID LOS ANGELES
SFR
Median Price ……………………..…….
$331,000
Median Price ……………………..…….
$472,5000
42.7%
Average Price per Square Foot ….…
$220
Average Price per Square Foot ….…
$310
40.9%
Properties Sold ……………………….
55
Properties Sold ……………………….
58
5.5%
Properties Pending Sale ………………
47
Properties Pending Sale ………………
54
14.9%
Properties For Sale …………….……...
95
Properties For Sale …………….……...
118
24.2%
Days on Market (Pending Sale) ….…..
48
Days on Market (Pending Sale) ….…..
62
27.5%
Percent Under Contract ………….……
49.47%
Percent Under Contract ………….……
45.76%
-7.5%
MID WILSHIRE
SFR
Median Price ……………………..…….
$412,500
Median Price ……………………..…….
$633,750
53.6%
Average Price per Square Foot ….…
$245
Average Price per Square Foot ….…
$315
28.6%
Properties Sold ……………………….
6
Properties Sold ……………………….
8
33.0%
Properties Pending Sale ………………
6
Properties Pending Sale ………………
6
0.0%
Properties For Sale …………….……...
22
Properties For Sale …………….……...
21
-4.5%
Days on Market (Pending Sale) ….…..
31
Days on Market (Pending Sale) ….…..
32
2.1%
Percent Under Contract ………….……
27.27%
Percent Under Contract ………….……
28.57%
4.8%
PACIFIC PALISADES
SFR
Median Price ……………………..…….
$2,130,000
Median Price ……………………..…….
$2,495,000
17.1%
Average Price per Square Foot ….…
$680
Average Price per Square Foot ….…
$896
31.8%
Properties Sold ……………………….
73
Properties Sold ……………………….
60
-17.8%
Properties Pending Sale ………………
60
Properties Pending Sale ………………
52
-13.3%
Properties For Sale …………….……...
166
Properties For Sale …………….……...
168
1.2%
Days on Market (Pending Sale) ….…..
105
Days on Market (Pending Sale) ….…..
60
-42.4%
Percent Under Contract ………….……
36.14%
Percent Under Contract ………….……
30.95%
-14.4%
PALMS – MAR VISTA
SFR
Median Price ……………………..…….
$799,000
Median Price ……………………..…….
$1,050,000
31.4%
Average Price per Square Foot ….…
$539
Average Price per Square Foot ….…
$605
12.2%
Properties Sold ……………………….
86
Properties Sold ……………………….
87
1.2%
Properties Pending Sale ………………
79
Properties Pending Sale ………………
70
-11.4%
Properties For Sale …………….……...
113
Properties For Sale …………….……...
117
3.5%
Days on Market (Pending Sale) ….…..
45
Days on Market (Pending Sale) ….…..
44
-3.2%
Percent Under Contract ………….……
69.91%
Percent Under Contract ………….……
59.83%
-14.4%
SANTA MONICA
SFR
Median Price ……………………..…….
$1,625,000
Median Price ……………………..…….
$1,845,000
13.5%
Average Price per Square Foot ….…
$833
Average Price per Square Foot ….…
$888
6.6%
Properties Sold ……………………….
73
Properties Sold ……………………….
59
-19.2%
Properties Pending Sale ………………
68
Properties Pending Sale ………………
48
-29.4%
Properties For Sale …………….……...
145
Properties For Sale …………….……...
118
-18.6%
Days on Market (Pending Sale) ….…..
52
Days on Market (Pending Sale) ….…..
52
0.8%
Percent Under Contract ………….……
46.90%
Percent Under Contract ………….……
40.68%
-13.3%
SANTA MONICA
CONDO
Median Price ……………………..…….
$690,000
Median Price ……………………..…….
$735,000
6.5%
Average Price per Square Foot ….…
$622
Average Price per Square Foot ….…
$666
7.1%
Properties Sold ……………………….
109
Properties Sold ……………………….
99
-9.2%
Properties Pending Sale ………………
86
Properties Pending Sale ………………
82
-4.7%
Properties For Sale …………….……...
169
Properties For Sale …………….……...
167
-1.2%
Days on Market (Pending Sale) ….…..
86
Days on Market (Pending Sale) ….…..
47
-44.6%
Percent Under Contract ………….……
50.89%
Percent Under Contract ………….……
49.10%
-3.5%
SHERMAN OAKS
SFR
Median Price ……………………..…….
$830,000
Median Price ……………………..…….
$838,000
1.0%
Average Price per Square Foot ….…
$375
Average Price per Square Foot ….…
$413
10.1%
Properties Sold ……………………….
55
Properties Sold ……………………….
46
-16.4%
Properties Pending Sale ………………
47
Properties Pending Sale ………………
47
0.0%
Properties For Sale …………….……...
114
Properties For Sale …………….……...
120
5.3%
Days on Market (Pending Sale) ….…..
58
Days on Market (Pending Sale) ….…..
48
-17.1%
Percent Under Contract ………….……
41.23%
Percent Under Contract ………….……
39.17%
-5.0%
SHERMAN OAKS
CONDO
Median Price ……………………..…….
$300,000
Median Price ……………………..…….
$410,000
36.7%
Average Price per Square Foot ….…
$257
Average Price per Square Foot ….…
$312
21.4%
Properties Sold ……………………….
20
Properties Sold ……………………….
21
5.0%
Properties Pending Sale ………………
16
Properties Pending Sale ………………
22
37.5%
Properties For Sale …………….……...
30
Properties For Sale …………….……...
36
20.0%
Days on Market (Pending Sale) ….…..
40
Days on Market (Pending Sale) ….…..
52
30.0%
Percent Under Contract ………….……
53.33%
Percent Under Contract ………….……
61.11%
14.6%
SILVER LAKE – ECHO PARK
SFR
Median Price ……………………..…….
$661,000
Median Price ……………………..…….
$837,500
26.7%
Average Price per Square Foot ….…
$456
Average Price per Square Foot ….…
$518
13.6%
Properties Sold ……………………….
56
Properties Sold ……………………….
68
21.4%
Properties Pending Sale ………………
56
Properties Pending Sale ………………
55
-1.8%
Properties For Sale …………….……...
109
Properties For Sale …………….……...
92
-15.6%
Days on Market (Pending Sale) ….…..
52
Days on Market (Pending Sale) ….…..
54
4.3%
Percent Under Contract ………….……
51.38%
Percent Under Contract ………….……
59.78%
16.4%
STUDIO CITY
SFR
Median Price ……………………..…….
$966,000
Median Price ……………………..…….
$1,031,000
6.7%
Average Price per Square Foot ….…
$472
Average Price per Square Foot ….…
$479
1.5%
Properties Sold ……………………….
29
Properties Sold ……………………….
37
27.6%
Properties Pending Sale ………………
30
Properties Pending Sale ………………
36
20.0%
Properties For Sale …………….……...
78
Properties For Sale …………….……...
111
42.3%
Days on Market (Pending Sale) ….…..
64
Days on Market (Pending Sale) ….…..
50
-21.1%
Percent Under Contract ………….……
38.46%
Percent Under Contract ………….……
32.43%
-15.7%
STUDIO CITY
CONDO
Median Price ……………………..…….
$366,050
Median Price ……………………..…….
$467,500
27.7%
Average Price per Square Foot ….…
$275
Average Price per Square Foot ….…
$348
26.5%
Properties Sold ……………………….
14
Properties Sold ……………………….
18
28.6%
Properties Pending Sale ………………
10
Properties Pending Sale ………………
14
40.0%
Properties For Sale …………….……...
19
Properties For Sale …………….……...
38
100.0%
Days on Market (Pending Sale) ….…..
57
Days on Market (Pending Sale) ….…..
41
-28.7%
Percent Under Contract ………….……
52.63%
Percent Under Contract ………….……
36.84%
-30.0%
SUNSET STRIP – HOLLYWOOD HILLS WEST
SFR
Median Price ……………………..…….
$1,336,500
Median Price ……………………..…….
$1,485,000
11.1%
Average Price per Square Foot ….…
$642
Average Price per Square Foot ….…
$770
19.9%
Properties Sold ……………………….
110
Properties Sold ……………………….
89
-19.1%
Properties Pending Sale ………………
96
Properties Pending Sale ………………
83
-13.5%
Properties For Sale …………….……...
340
Properties For Sale …………….……...
351
3.2%
Days on Market (Pending Sale) ….…..
81
Days on Market (Pending Sale) ….…..
66
-18.8%
Percent Under Contract ………….……
28.24%
Percent Under Contract ………….……
23.65%
-16.3%
SUNSET STRIP – HOLLYWOOD HILLS WEST
CONDO
Median Price ……………………..…….
$325,000
Median Price ……………………..…….
$482,500
48.5%
Average Price per Square Foot ….…
$461
Average Price per Square Foot ….…
$459
-0.4%
Properties Sold ……………………….
16
Properties Sold ……………………….
24
50.0%
Properties Pending Sale ………………
16
Properties Pending Sale ………………
23
43.8%
Properties For Sale …………….……...
48
Properties For Sale …………….……...
56
16.7%
Days on Market (Pending Sale) ….…..
79
Days on Market (Pending Sale) ….…..
52
-33.8%
Percent Under Contract ………….……
33.33%
Percent Under Contract ………….……
41.07%
23.2%
TOPANGA
SFR
Median Price ……………………..…….
$725,000
Median Price ……………………..…….
$1,070,000
47.6%
Average Price per Square Foot ….…
$412
Average Price per Square Foot ….…
$547
32.8%
Properties Sold ……………………….
19
Properties Sold ……………………….
17
-10.5%
Properties Pending Sale ………………
11
Properties Pending Sale ………………
17
54.5%
Properties For Sale …………….……...
66
Properties For Sale …………….……...
68
3.0%
Days on Market (Pending Sale) ….…..
177
Days on Market (Pending Sale) ….…..
60
-66.0%
Percent Under Contract ………….……
16.67%
Percent Under Contract ………….……
25.00%
50.0%
VENICE
SFR
Median Price ……………………..…….
$1,330,000
Median Price ……………………..…….
$1,400,000
5.3%
Average Price per Square Foot ….…
$820
Average Price per Square Foot ….…
$909
10.9%
Properties Sold ……………………….
59
Properties Sold ……………………….
63
6.8%
Properties Pending Sale ………………
44
Properties Pending Sale ………………
55
25.0%
Properties For Sale …………….……...
93
Properties For Sale …………….……...
96
3.2%
Days on Market (Pending Sale) ….…..
69
Days on Market (Pending Sale) ….…..
54
-21.9%
Percent Under Contract ………….……
47.31%
Percent Under Contract ………….……
57.29%
21.1%
VENICE
CONDO
Median Price ……………………..…….
$1,050,000
Median Price ……………………..…….
$995,000
-5.2%
Average Price per Square Foot ….…
$582
Average Price per Square Foot ….…
$610
4.8%
Properties Sold ……………………….
11
Properties Sold ……………………….
14
27.3%
Properties Pending Sale ………………
10
Properties Pending Sale ………………
9
-10.0%
Properties For Sale …………….……...
20
Properties For Sale …………….……...
20
0.0%
Days on Market (Pending Sale) ….…..
65
Days on Market (Pending Sale) ….…..
62
-3.8%
Percent Under Contract ………….……
50.00%
Percent Under Contract ………….……
45.00%
-10.0%
WEST HOLLYWOOD
SFR
Median Price ……………………..…….
$1,146,000
Median Price ……………………..…….
$1,250,000
9.1%
Average Price per Square Foot ….…
$680
Average Price per Square Foot ….…
$680
0.0%
Properties Sold ……………………….
19
Properties Sold ……………………….
27
42.1%
Properties Pending Sale ………………
14
Properties Pending Sale ………………
36
157.1%
Properties For Sale …………….……...
50
Properties For Sale …………….……...
80
60.0%
Days on Market (Pending Sale) ….…..
65
Days on Market (Pending Sale) ….…..
57
-11.6%
Percent Under Contract ………….……
28.00%
Percent Under Contract ………….……
45.00%
60.7%
WEST HOLLYWOOD
CONDO
Median Price ……………………..…….
$475,000
Median Price ……………………..…….
$652,000
37.3%
Average Price per Square Foot ….…
$427
Average Price per Square Foot ….…
$544
27.4%
Properties Sold ……………………….
67
Properties Sold ……………………….
87
29.9%
Properties Pending Sale ………………
74
Properties Pending Sale ………………
75
1.4%
Properties For Sale …………….……...
178
Properties For Sale …………….……...
193
8.4%
Days on Market (Pending Sale) ….…..
74
Days on Market (Pending Sale) ….…..
63
-14.4%
Percent Under Contract ………….……
41.57%
Percent Under Contract ………….……
38.86%
-6.5%
WEST LOS ANGELES
SFR
Median Price ……………………..…….
$707,500
Median Price ……………………..…….
$789,500
11.6%
Average Price per Square Foot ….…
$541
Average Price per Square Foot ….…
$561
3.7%
Properties Sold ……………………….
16
Properties Sold ……………………….
24
50.0%
Properties Pending Sale ………………
17
Properties Pending Sale ………………
16
-5.9%
Properties For Sale …………….……...
34
Properties For Sale …………….……...
32
-5.9%
Days on Market (Pending Sale) ….…..
41
Days on Market (Pending Sale) ….…..
62
49.5%
Percent Under Contract ………….……
50.00%
Percent Under Contract ………….……
50.00%
0.0%
WESTCHESTER
SFR
Median Price ……………………..…….
$640,000
Median Price ……………………..…….
$760,000
18.8%
Average Price per Square Foot ….…
$411
Average Price per Square Foot ….…
$468
13.9%
Properties Sold ……………………….
69
Properties Sold ……………………….
67
-2.9%
Properties Pending Sale ………………
52
Properties Pending Sale ………………
56
7.7%
Properties For Sale …………….……...
84
Properties For Sale …………….……...
75
-10.7%
Days on Market (Pending Sale) ….…..
49
Days on Market (Pending Sale) ….…..
40
-18.4%
Percent Under Contract ………….……
61.90%
Percent Under Contract ………….……
74.67%
20.6%
WESTCHESTER
CONDO
Median Price ……………………..…….
$243,000
Median Price ……………………..…….
$419,000
72.4%
Average Price per Square Foot ….…
$250
Average Price per Square Foot ….…
$335
34.0%
Properties Sold ……………………….
9
Properties Sold ……………………….
7
-22.2%
Properties Pending Sale ………………
7
Properties Pending Sale ………………
4
-42.9%
Properties For Sale …………….……...
15
Properties For Sale …………….……...
15
0.0%
Days on Market (Pending Sale) ….…..
79
Days on Market (Pending Sale) ….…..
69
-13.0%
Percent Under Contract ………….……
46.67%
Percent Under Contract ………….……
26.67%
-42.9%
WESTWOOD – CENTURY CITY
SFR
Median Price ……………………..…….
$1,400,000
Median Price ……………………..…….
$1,450,000
3.6%
Average Price per Square Foot ….…
$598
Average Price per Square Foot ….…
$680
13.7%
Properties Sold ……………………….
61
Properties Sold ……………………….
51
-16.4%
Properties Pending Sale ………………
40
Properties Pending Sale ………………
45
12.5%
Properties For Sale …………….……...
70
Properties For Sale …………….……...
90
28.6%
Days on Market (Pending Sale) ….…..
62
Days on Market (Pending Sale) ….…..
42
-31.2%
Percent Under Contract ………….……
57.14%
Percent Under Contract ………….……
50.00%
-12.5%
WESTWOOD – CENTURY CITY
CONDO
Median Price ……………………..…….
$611,000
Median Price ……………………..…….
$730,000
19.5%
Average Price per Square Foot ….…
$493
Average Price per Square Foot ….…
$675
36.9%
Properties Sold ……………………….
113
Properties Sold ……………………….
117
3.5%
Properties Pending Sale ………………
101
Properties Pending Sale ………………
106
5.0%
Properties For Sale …………….……...
305
Properties For Sale …………….……...
382
25.2%
Days on Market (Pending Sale) ….…..
106
Days on Market (Pending Sale) ….…..
78
-26.4%
Percent Under Contract ………….……
33.11%
Percent Under Contract ………….……
27.75%
-16.2%
Glossary of Terms Median Price: A value that separates the upper half of prices from the lower half of prices. It can be interpreted like an average, however the extreme prices (high and low) don’t hold undue. Average Price per Square Foot: The price per each property divided by their respective square footage then averaged across all properties sold in the area for a given time period. Properties Sold: The number of property transactions that closed and transferred ownership. Properties Pending Sale: The number of properties that entered escrow in preparation for sale.
Properties For Sale: The number of properties on the market and seeking buyers. Days on Market (Pending Sale): The number of days that properties currently in escrow were on the market. Absorption Rate: The rate at which the inventory of home for sale are being sold. Percent Under Contract: The ratio of properties to properties sale.
Disclaimer
Information obtained from Broker Metrics and DataQuick. Broker Metrics and DataQuick statistics are subject to change due to individual real estate company reporting disciplines. The information provided herein is from sources we believe to be reliable. While we do not doubt its accuracy, we have not verified it and make no representations, guarantees or warranties about it.